Posted by AI on 2025-08-13 04:35:44 | Last Updated by AI on 2025-08-13 18:58:30
Share: Facebook | Twitter | Whatsapp | Linkedin Visits: 0
As per the Indian Oil Corporation, petrol and diesel prices were revised on 13th August 2022. The petrol price in Delhi stands at Rs. 96.72 per litre (increased by Rs 0.25 / litre), while diesel prices stand at Rs 89.62 per litre (increased by Rs. 0.18 / litre).
This hike in the prices of petrol and diesel comes amidst the rising crude oil prices in the international market. The price of Brent crude futures has almost hit $110 per barrel, while the price of Indian crude basket stands at $108.24 per barrel.
The Centre has been taking measures to mitigate the impact of escalating fuel prices. In a recent statement, the government said oil-producing nations are supposed to take the responsibility to control the high crude oil prices and not burden the common man.
It added that as a stable and reliable energy source, oil will continue to be consumed globally. Given this, the government called for a collaborative effort involving oil-producing countries, consumers, and spare oil capacity holders to foster stable oil markets and a level-playing field for all.
This recent hike in petrol and diesel prices, however, casts a shadow on the government's efforts to mitigate the impact of soaring fuel prices.
Despite the central government's ongoing interventions, the rising crude oil prices and corresponding hikes in petrol and diesel prices are a cause of concern for millions of Indians grappling with escalating prices and inflation.
Only time will tell how the situation will unfold and whether the government will introduce measures to counter this rising concern.